# Category Descript ion $/#

1 Sale Price List $ 494,900$

2 Monthly Lease 2015 Est imate 4,100$

3 Annual Rental Revenues 2 * 12 (months) 49,200$

4 Taxes 2015 Actual (10,978)$

5 HOA 2015 Actual (775)$

6 Insurance 2016 Est imate (3,000)$

7 Maintenance Reserve

8 Annual Operat ing Expenses 4 + 5 + 6 + 7 (14,753)$

9 Net Operat ing Income 3 + 8 34,447$

10 Estimated Cap Rate 9 / 1 7.0%

11 Annual Debt Service * (21,334)$

11 Est. Net Cash Flow 10 + 11 13,113$

12 Gross Rent Mult iplier 2 / 1 120.71

Proforma Annual Financial Model

*5/1 ARM, 80% 1st loan. 3.5% APR interest, 30-year amort izat ion. No PMI.

National lender. P&I calculat ion from Bank Rate Monitor.

14610 Belgian Beauty CT, Houston, TX 77044-4310

Estimated Property Lines

Summer Lake Ranch Subdivision Satellite

3.2 MI from W Lake Houston Parkway @ Sam Houston PKWY

All 3 Highly Rated Public Schools Attended Within 3Miles

Lakeshore Elementary8 of 10 GreatSchools Rating913 Students Enrolled1.9 Miles From Home

Summer Creek High6 of 10 GreatSchools Rating2,318 Students Enrolled1.5 miles from home

Woodcreek Middle7 of 10 GreatSchools Rating1,223 Students Enrolled0.8 miles from home

8 Preschools Within 3 Miles

2 Private Schools Within 3 Miles

5-10-15 MI Radii Map

10-20-30 MIN Drive Time NOT In Rush Hour Map

High Avg. Home Values vs. NE Houston Metro

High Avg. Household Incomes vs. NE Houston Metro

High Avg. Net Worth vs. NE Houston Metro